American Go E-Journal

Coming back from vacation to find a letter from the IRS can be a little stressful, but “it was just the opposite” reports National Go Center Executive Director Gurujeet Khalsa. “It was an approval letter for our application for 501(c)3 non-profit status.” This means that donors to the National Go Center can now claim deductions under Section 170 of the Internal Revenue Code, and the NGC is exempt from Federal taxes. “As an all-volunteer organization dependent on grants and donations, this is huge,” says Khalsa. “It also allows us to take advantage of other benefits such as software grants that companies like Microsoft and Google make to non-profits.” The NGC was assisted in making the successful application by a pro bono legal team from Sullivan & Cromwell LLP. “They guided us every step of the way and we could not have done it without them.”